$4,263 Closing Credit*
$359,000
1,400 SqFt
3 Beds
•2 Full Baths
Listing Office: RE/MAX Executive
Is Olin, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Olin has remained a Seller's Market.
Key Takeaway
Olin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Olin, NC
How much do homes in Olin, NC cost?
Median Sold Price
$412,500
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$97,500(+31.0%)
Key Takeaway
Homes in Olin have sold for 31% more than they did a year ago.
Summary: The median home sold price in Olin was $412,500 in October 2024, up 31% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | $362.5K | +27.2% |
| 3 Bedrooms | $315K | $412.5K | +31.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Olin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.2%, 3 bedroom homes increased by 31%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Olin | $315K | $412.5K | +31.0% |
| Turnersburg Township | $262.9K | $279K | +6.1% |
| Union Grove Township | $327.5K | $325K | -0.8% |
| Olin Township | $313.7K | $310.2K | -1.1% |
Housing Supply in Olin, NC
How many homes are available in Olin, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The Olin real estate market had 7 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Olin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olin, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Olin in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Olin, NC
How long does it take to sell a home in Olin, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 102 Days | 40 Days | -60.7% |
Summary: Homes in Olin had an average of 40 days on market in Oct 2024, down by 60.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Olin are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Olin; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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